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Possibly as early as Q1 2013 the US Department of Energy (DOE) is expected to clarify its policy on US LNG exports to countries which do not have a Free Trade Agreement with the US. This presently includes all European countries. Applications from some 15 projects for over 175 mmtpa of non-FTA US LNG export licenses have been submitted and only one license for 16 mmtpa, at Cheniere’s Sabine Pass, has been granted to date.

The DOE needs to evaluate whether LNG exports to non-FTA countries are in the public interest. The second of two DOE sponsored studies relating to US LNG exports was published in December and both reports are available for public comment through February 2013. Although the reports suggested significant trade benefits, some groups, including industrial customers and heating customers, oppose exports on the grounds that they will raise US gas prices.

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Insight | Jan 2013

Europe gas and power: things to watch in 2013

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